Investing.com - CSX (NASDAQ:CSX) reported second quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.08 on revenue of $3.06B. Analysts polled by Investing.com forecast EPS of $1.11 on revenue of $3.15B. That compared to EPS of $1.01 on revenue of $3.1B in the same period a year earlier. The company had reported EPS of $1.02 on revenue of $3.01B in the previous quarter.
CSX shares lost 5.48% to trade at $75.19 in after-hours trade following the report.
For the year, CSX shares are up 28.04%, outperforming the Nasdaq which is up 26.37% year to date.
CSX follows other major Transportation sector earnings this month
On Tuesday, June 25, 2019, FedEx reported fourth quarter EPS of $5.01 on revenue of $17.8B, compared to forecasts of EPS of $4.85 on revenue of $17.8B.
Delta Air Lines earnings beat analyst's expectations on Thursday, with second quarter EPS of $2.35 on revenue of $12.5B. Investing.com analysts expected EPS of $2.28 on revenue of $12.5B
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